CLIFFORD L. NEUMAN, P.C.
Attorney at Law
TEMPLE-BOWRON HOUSE
1507 PINE STREET
BOULDER, COLORADO 80302
Telephone: (303) 449-2100
Facsimile: (303) 449-1045
E-mail: clneuman@neuman.com
January 31, 2008
Imagine Media, Ltd
1155 Sherman Street # 307
Denver CO 80203
Re: Registration Statement on Form SB-2
Sir or Madam:
We have acted as legal counsel for Imagine Media, Ltd. (the "Company") in connection with the Company's Registration Statement on Form SB-2 identified above (the "Registration Statement") filed by the Company with the Securities and Exchange Commission under the Securities Act of 1933, as amended, and the Prospectus included as a part of the Registration Statement (the "Prospectus"), relating to the distribution of 992,650 shares of Common Stock by the Company (the "Common Stock") to the shareholders of Imagine Holdings, Inc. The Common Stock will be distributed as in the manner set forth in the Registration Statement and Prospectus.
In connection with the following opinion, we have examined and have relied upon such documents, records, certificates, statements and instruments as we have deemed necessary and appropriate to render the opinion herein set forth.
Based upon the foregoing, it is our opinion that the Shares, when distributed in a manner consistent with the description contained in The Spin-Off and Plan of Distribution included in the Prospectus will be legally issued, fully paid and nonassessable.
In rendering this opinion we have considered and opined upon the Delaware Constitution, all applicable provisions of Delaware statutory law and reported judicial decisions interpreting those laws. We assume no obligation to revise or supplement this opinion letter should the laws of such jurisdiction be changed after the date hereof by legislative action, judicial decision or otherwise.
The undersigned hereby consents to the filing this opinion as Exhibit 5.1 to the Registration Statement on Form SB-2 and to the use of its name in the Registration Statement.
Sincerely, | |
CLIFFORD L. NEUMAN, P.C. | |
/s/ Clifford L. Neuman | |
Clifford L. Neuman |
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